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GLOBEX 12-04-08

Some thing to ponder, besides the 872.50 21 day moving avg on the daily chart.... 1008.50 top- 739 low was 269.5 points and a 50% retracement is ...(drumroll),... 873.75 Small wonder the 872.50-877 zone is giving at least some short term resistance. Also note that the entire crash from the May top at 1441.00 to the crash low at 739.00 is 702 points. 0.236 retracement comes in at 904.50. REMEMBER THE DAILY PROJECTION OF 904.50?(STILL VALID UNLESS 739 IS TOUCHED AGAIN).
ECB cut rates- that was the news
Now thats a sweet proj!
I will never be in a hurry so speed will not be a problem. I would like to get the charts to "Kool's Tools for Time". They are not in the article.
i have charts posted all over this website , look at yesterdays es thread near the end of the day, strategies forum, and, etc
Will do
Turk, this weekend when you have more time , spend a few hours checking all of those places mentioned out. youll likely find every thing you need(and more!)
gotta sell this puppy... but higher!
I was thinking the same - about selling
well if by some miricle they can push it up to the 5 min avg, ill sell(867.75-868 area)
GM girls!
with the last major pre market cycle high of 74.25 to the cycle low of 50.5 don't we get a projection of 89.0 unless 50.5 is taken out?